I am well aware that nobody who bought into this was thinking in purely analytical terms when they bought it -- there was a national media figure freshly retired from a network a lot of people trust at the head of it, waving them in.

Hi BP friends,I recently have been looking at STRs near National Parks, and I wonder whether it is a pure cashflow play, or a combination of cashflow + appreciation play?

As a pure investment it looks okay, but with a primary residence for my family thrown in at zero additional cost, it looks really really great.  

:- No, just pure linear growth of +$25/mo applied to the wrong $/sf (95111 is ~$700/sf currently, not $900/sf+). 

I do these purely as investments and would collaborate with others to discuss challenges with finance and ground up construction.

I do have quite a bit of paneling work which was purely for aesthetics, while other jobs were actually necessary to bring the rental into service. 

Well, at least if TC is going to contact anybody for paperwork.If its in pure in-house clerical work, such as my admin looking over my file and telling me I'm missing something, that can be done by a non-licensed person.  

If you're making a 100% pure financial decision, you'll probably be more attracted to the potential arbitrage. 

I have rehabbed three residences and flipped them as house hacks, but never purchased a building like this one that as purely an investment, so would love help on strategy and specifics. 

I'm not looking for a pure +Cash Flow property in a bad area.